Published on 18 Apr 2024 on StockStory via Yahoo Finance
Q4 Rundown: La-Z-Boy (NYSE:LZB) Vs Other Home Furnishings Stocks
Q4 Rundown: La-Z-Boy (NYSE:LZB) Vs Other Home Furnishings Stocks
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the home furnishings stocks, including La-Z-Boy (NYSE:LZB) and its peers.
A healthy housing market is good for furniture demand as more consumers are buying, renting, moving, and renovating. On the other hand, periods of economic weakness or high interest rates discourage home sales and can squelch demand. In addition, home furnishing companies must contend with shifting consumer preferences such as the growing propensity to buy goods online, including big things like mattresses and sofas that were once thought to be immune from e-commerce competition.